As House Democrats push for $1,400 stimulus checks, deciding who qualifies could change – CNBC

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As a $1.9 trillion coronavirus relief package comes together on Capitol Hill, millions of additional direct payments to Americans could be in the works.

Legislation under discussion includes $1,400 stimulus checks that could bring the total direct payments sent to Americans in recent months to $2,000.

The $1,400 sums would go to adults, as well as children and adult dependents.

To qualify, individuals and families would have to have income within certain ranges.

Individuals with adjusted gross income of up to $75,000 and married couples with up to $150,000 stand to get full payments. Those with incomes above that level would see their payments reduced and ultimately phase out at $100,000 for individuals and $200,000 per couple.

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The thresholds for qualifying for the money have been hotly contested among both Democrats and Republicans.

Certain lawmakers from both parties have complained the thresholds are too high. One Republican proposal called for capping the payments at $50,000 in annual income for individuals and $100,000 for couples.

Still others, namely Sen. Bernie Sanders, I-Vt., have objected to bringing the thresholds down that low.

“To say to a worker in Vermont or California or any place else, that if you’re making, you know, $52,000 a year, you are too rich to get this help, the full benefit, I think that that’s absurd,” Sanders recently said.

This week, the House Ways and Means Committee released its draft legislation, which included a phase-out rate of $50 for every $1,000 above the full-payment thresholds. While that rate is similar to previous checks, experts say the proposal will help limit how much higher earners, such as those with multiple children, receive, if anything.

Source Article from https://www.cnbc.com/2021/02/12/1400-stimulus-checks-heres-how-deciding-who-qualifies-could-change.html

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